Pence orders universities, state agencies to again to pare budgets by 2 - 4.5 percent - Chelsea Schneider, Courier and Press

The University of Southern Indiana and other state universities are facing another round of budget cuts after the state directed the schools hold 2 percent of their state funding in reserve for a second year. During Fiscal Year 2014 that ended June 30, public universities trimmed nearly $34 million from their budgets at the direction of Gov. Mike Pence and state budget officials as a way to help offset tax collections that fell short of expectations. A memo sent in June to university officials directs them to reserve 2 percent of their budget during Fiscal Year 2015. The memo by the State Budget Agency also notes state agencies will have to reserve 4.5 percent of their budgets in 2015 as they did during the last fiscal year. http://www.courierpress.com/news/local-news/usi-facing-another-round-of-budget-cuts_24970146